TD Bank Credit Card, $200 Cash Back & 5% in 3 Categories

TD Bank has brought back up the sign up bonus for their credit cards from $100 to $200. You can now sign up for the TD Easy Rewards or the TD Cash Rewards credit card and spend $500 within the 90 days after account opening and you will receive a bonus of 20,000 points/$200 cash back

We have seen this offer last year and now it will be available until March 31st May 31st, 2015. Both cards are very similar, so you can apply for either one. However with the Easy Rewards card the rewards can be redeemed online, while you have to call in for the Cash Rewards card.

The cards also have 5% back in certain categories for the first 6 months. You’ll receive that cashback rate at supermarkets, gas stations, dining and cable, phone and utility bills. All other purchases earn 1%. TD Bank has frozen account in the past for abuse, but it is a nice added bonus for those who spend heavily in those categories.

Card Details

Earn 20,000 bonus points, which can be redeemed for $200 cash back when you spend $500 within 90 days after account opening.

This in an OK deal and I do spent a bit in the 5% categories. The sign up bonus is very low, and the 5% categories only last 6 months. Even in those 6 months, you can’t overdo the spending. I will apply for the card only if I have some other applications to go with it, but I would skip the credit hit just for this card.

Thank you, but how do I know which merchants are coded for the 5%? It’s important to me to know because otherwise I can use my other card that gives 1.5% for everything regardless, as opposed to just the usual 1% of this card!

Why couldn’t this credit card give out a list of all restaurants (and of the other categories as well) as Chase Freedom does? This way, I know for sure which type of card I should use for the designated period.

I think you should be OK. All restaurants will code as such, unless it is a sketchy place. So 99.9% of the time you will get the 5% cash back. I think this option is better than having a list of restaurants and worrying about checking if a restaurant is included or not.